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<br />U11fttRM COVI- % %Ni% Borrower tend lender co%enant and agree as h+llow, 869 - 102913
<br />1. Payment of Principal and Interest; Prepayment and late Charges. Illorrower shall promptly pay when duc
<br />the• principal of and ititert-st on the debt e%idenced by the Note and any ptepay meat anti late c m;ge% duc under the Note
<br />2. Funds for Tatter and Insurance. Subject tit applicable la%% tit it) a w rit ten w,at,. er by 1 order. Borrower %hall pay
<br />(" to Lender on the day monthly paymment% are due under the Note. until the Note I% paid in full. .1 turn 1 "Fund%') equal it,
<br />` one - twelfth of. (a) %early taxes and a %%e %%meni% which may attain prtorit% t%%cr tIu% Security Instrument: (h) yearh
<br />leasehold payment,. or ground rent% on the Property, if any; (c► yearly hazard insurance premium`; and (d) yearly
<br />mortgage insurance premiums, if an) . phew Items are called "cscrt w Items." Lender niay estimate the Funds due tan the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal tie
<br />state agency (including Lender if Lender is such an in%titution) Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analysing the account or verifying the Cscnnv items, unless
<br />Leader pays Horrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Leader may ,rftrce in writing that interest shall he paid ton the Funds. Unless an agreement is made or applicable law
<br />requires intcrosl, to be paid. Lender %hall not he required to pay Borrower any interest or earnings on the Funds. lender
<br />shall give to. Bears, %wer, without charge, an annual accounting of the. Viand% showing credits and debits to the Funds and the
<br />purpose fur wcht;;l'Teach debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />Cho; 5r; cta,n%,y ifustrurnent.
<br />9f the ; imount of the Funds held by Lender, together with the future monthly pas ments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the esc:rmv items when due, the excess shall b:,
<br />at B, Growers optitm, either promptly repaid to Borrower or credited to Borrower tin monihly payments of Funds.' If the
<br />atnoamt: of the Funds held by Lender is not sufficient to pay the escrow items when due, Horrower,shall pay to Lender any
<br />atrtl4=1 necc%sary to make uptlzjt deficiency in one or more payments as required by Lender,
<br />Upon payment in full trl':r%t %um% secured by this Security Instrument. Lender shall promptly, refund to Borrower
<br />any Funds held by Lender. if under paragraph Ia the Property I% sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Prs rtrt v or its acquisition by Lender, any Funds held i►v Lender at the time of
<br />application as a credit against the %ums scvu;-Qd by this Security in%trument.
<br />3. Application of Payments. Unless applicable law p•o%ides otherwise, all payments received by Lender under
<br />paragraphs 1 and Z shall be applied: first, to late charge due under the Note. second. to prepayment chargesdue under the
<br />Note; third, to amounts pay able under lieu- sgr4ph 2; fourth, to interest due; and last, to principal due.
<br />4. Charges; Liens. ]lorrowea vial; pay all taxes, assessmectt %, charges, fines and impositions attributable to the
<br />Property which may attain 1; morn►. ;;t,��� tshis Security instrument, and leasehold payments or ground rents. if any.
<br />Borrower shall pay these t�BSkyta� ?,•:iz?<fte manner provided um paragraph 2, or if ntit paid in that manner, Borrower shall
<br />pay them on time directly to thy. perstin awed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the paymenh
<br />Borrower .hail promptly discharge any hen which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />fam's th c hcri thy. or dctiitdz, 8r`,aiii%i ciiftirCcfiiciti of iiiir licit tit, legal piticccutttgs winch in dim: Li-tider*% tipittiton operate it)
<br />prevent the enforcement of the hen or forfeiture of any part of the Property: or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender %uhtirdinaung the licit to this Security Iitsiruinum. if Lender deit:fmine, that any part of
<br />the Property t% %uhlect to a Iron which may attain pttority o%cr this Security hi%trument, Lender may give Borrower a
<br />notice identifying the licit. LFItttri:nwer shall %aiisfy the lien or take one tit more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improwmeni% now ex')c.4i.ng tot hereafter erected -on the Property
<br />insured against lo%s by fire, hazards included wtthm the term "extended cmcrage" and any other hazards forwhich Lender
<br />requires insurance. Thi% insurance shall he maintained in the arnttu,nts and f +1r the period% that Lendei.requires. The
<br />insurance earner pro%iding the insurance %hall tie chosen by Borroacr %ul,.N:e ro Lender'% appro%al whiias shall not be
<br />unreasonably a ithheld
<br />All insurance policies and renewal+ shall be acceptable lo-.1L, =Jer and shall include a standard rricycrgage clause.
<br />Lender shall ha%e the right to hold the policies and renewals if Borrower %hall promptly gi%c to,L rG&—r.
<br />all receipt% of paid premiums and renewal rwtict!, In the c%cnt of loss. Borrower shall gn a prompt notice to the
<br />carrier and Lender Lender may make proofol,lo*s if nor. made prompt ly by Barr {:aver.
<br />Unless Lender and Horrowcr tit herwix alunt,tli,.Wntifig. insurance procot%U -O hall be applied to reslijr.:>ai:r�n car rt.pzir
<br />of the Property damaged, if the restoration of repair i:T;economtcally feasible anri-.L• o' ender's security is n ;, t<:f. cif: the
<br />restoration or repair is not economically feasible or Lender's security would be les%cned. the insurance proceeds shall lie
<br />applied to the sums secured by thi% Sfeci:ril} Instrument, whether or not then due, with any: excess paid to Borrower.. 11'
<br />Borroi4erabandon,, the Property. or doet•inu ansv:er within 30 days a notice: from I ender that t.he.insurance carrier has
<br />offered to settle a claim, then: Lender may collect the insurance proceeds Lesmtdt r may use the pra%dti. .14, repair or restore
<br />' •llie Property or to pay sums :scoured by this Security tit%trurnent, whether,tii 110h then due. T,hi.-JOLIIILV. pchod will begin
<br />when the notice I% given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds fo priiuipai %hall not extend of-
<br />postpone the cute date of the monthly payments referred to to paragraphs I and 2 tit change the'amount of the payments. If
<br />under paragraph lq the Property ►% acquired by Lender,.liormwer's right to any insurance policies and prtkxed% resulting
<br />from damage to the Property prior to the acquisition shsllpass to Lender to the extent of the sum%sccurud'h% this Security
<br />Instrument immediately prior to the acquisition
<br />6. Prtservation and Maintenance of Property; Leaseholds. Borrower ,.hall not destroy, damage or suh %tantfall%
<br />change the Property. allow the Property to deteriorate or commit wa%tc If thi% Securit% Instrument is on a leau:hold,
<br />Burrowet %hall comply vita tiie pro%Istom of the lease, and if Borrower acquire% fee title tto thc• Property. rice lea %ehnld and
<br />fee title shall not merge un;.--.-,-s L4Lnder agree% to the merger oil w sting
<br />7. Protection of Lender's Riahts in the Property; sic -tRage Insurance. If liorrotver falls to perf(+tm the•
<br />co%enant%anti agrecnient%contained in this Sc,:unty ln%trnmt'rtt. a !}tt•rt• 1 %.j legal pro4-ceding that ma% %igniticanth affe•ci
<br />Lender's right% in the Property (such as a pro,:eedmg m hankrup T.:y. probate, for rondeuntattt n tit 10 enforce law% or
<br />regublut sl. then I ender may do and pay for w f �!e.er i +Weer+ %air% to protc %t the %aluc td the• Property and l ender'% right%
<br />L m the Property l ender•% a..¢tow, may inthide paving any %uat% %,.'cured h% .1 1c711 Mit. h ha% 1 rnuctc i,Ner the% Se.utm,
<br />lnstrument. appearing tit t,t:urt. Vi%mg rea%- nah-ft: attnrnc►s' fer%and enteretty .,It tut Pr,.l.rrt% t•• moue lk,pairs Although
<br />I enrirr ma% take a,:tion under thi %p,nr,tpr.s171,1 , I ct ;Aer titre% Writ ha%c to dt'
<br />1n% aotour!N &%burwil h% t t•titict under th:% paragraph "shal, hc„ tit t a'u., ',,ii Acht .•t lir•rT. u;r +rttltc•tt I,% this
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